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UK manufacturing production March mm +0.1% vs +0.3% exp

UK March manufacturing and industrial production data 11 May 2016

  • --0.9% prev revised up from -1.1%
  • yy -1.9% vs -1.9% exp vs -1.6% prev revised up from -1.8%
  • Industrial production mm +0.3% vs +0.5 % exp vs -0.2% prev revised up from -0.3%
  • yy -0.2% vs -0.4% exp vs +0.1% prev revised up from -0.5%

Softer headline data as expected but better revisions. ONS say the data does not point to any revisions of Q1 GDP data.

  • Total production output is estimated to have decreased by 0.4% between Quarter 4 (Oct to Dec) 2015 and Quarter 1 (Jan to Mar) 2016. The largest contribution to the quarterly decrease came from mining & quarrying, which fell by 2.3%.
  • Manufacturing, the largest component of production, is estimated to have decreased by 0.4% between Quarter 4 (Oct to Dec) 2015 and Quarter 1 (Jan to Mar) 2016. The largest contribution to the decrease came from the manufacture of coke & refined petroleum products, which decreased by 12.1%.
  • Total production output is estimated to have decreased by 0.2% in March 2016 compared with March 2015. There were decreases in 2 of its 4 main sectors, with the largest contribution coming from manufacturing, which decreased by 1.9%.

Full ONS report here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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